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What Is a Health Savings Account?

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We all know we need to prepare for future healthcare costs, but learning how much to save can be difficult. Health savings accounts, or HSAs, are tax-advantaged savings opportunities for people with a high deductible health plan. However, you can still use the money on qualified medical expenses. What is an HSA?

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Preparing to Move Overseas? Read This First

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Before you move, here’s what you need to know about everything from establishing residency abroad to health care, taxes, visas and costs. Health care. health insurance may not cover you. medical insurance may only provide minimal coverage for urgent situations outside the country. You have to file U.S.

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6 Commonly Overlooked Tax Deductions to Maximize Your Return

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“Can a dead person deduct medical expenses?” “Can Additionally, self-employed individuals can leverage deductions for home office expenditures and health insurance premiums. Even though medical marijuana is legal in many states, you can’t deduct it as a medical expense or pay for it with your HSA. What about my au pair?”

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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. In addition, if an employee is involuntarily let go, their employee file must be kept for one year following the termination date. Why is that?

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Who’s Stuck With The Bill?

Allwork

The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. There are various models that companies are using to cover these costs of working remotely. What are the costs associated with working remotely?

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Do I Need to Buy Life Insurance?

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In addition to the length and amount of the policy affecting the cost, finalizing a life insurance quote may require a medical exam before the policy can be underwritten and implemented. Want to cover your funeral or burial expenses so your heirs don’t have to use your estate to cover the costs.

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4 Smart Money Moves to Plan for Financial Security

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A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. In 2021, that limit is $140,000 for individuals and $208,000 for married people who file their taxes jointly.